The global adhesives and sealants market size is expected to hit around USD 84.55 billion by 2027 and is expected to witness a CAGR of 7.2% from 2020 to 2027.
An adhesive is a chemical mixture that joins two surfaces together to form a single unit, whereas a sealant is a semisolid material used to prevent fluid leakage. Adhesives and sealants are formulated with similar chemicals and technologies, and are used in a related range of applications. Although they are considered as a single industry, their performance is distinct across end applications. Regulatory bodies have different specifications and test methods for each of them. Adhesives have high shear and tensile strength, which makes the material preferable for holding- and bonding-related applications. On the other hand, sealants fill gaps and resist relative movement of substrates. They are generally lower in strength than adhesives, but have greater flexibility.
Increasing demand from automotive, construction, packaging, furniture, footwear, and pressure sensitive applications is the primary factor driving the growth.
Rising penetration of lightweight passenger cars with higher fuel economy and lower emissions has driven sales of high-performance adhesives across the global automotive industry. These adhesives find diverse usage in both interior and exterior automotive applications. For instance, they can reduce weight by substituting nuts and bolts and thereby increase the fuel economy of vehicles. As a result, the traditional welding and other mechanical fastening methods are expected to be replaced by enhanced adhesives with superior bonding capabilities.
Focus on the usage of adhesives in products, such as vehicles, aircraft results in weight reduction, driving the demand for adhesives and sealants. Adhesives are likely to replace the conventional joining techniques, resulting in change in weight of the final product. The automotive industry is gradually replacing welding activities of engine parts assembly with adhesives and sealants products to reduce the vehicle weight, which in turn increases fuel efficiency. Glass building constructions, especially for commercial space, are rising at a faster pace globally; large glass sheets installed in these giant structures require sealants in the panel to achieve a weather-tight structure. In addition to the growth aspect, challenges the industry needs to overcome are availability and volatile cost of raw material for the manufacture of adhesive & sealant products.
The adhesives and sealants are majorly used fortiling applications, attaching drywall, fixtures to walls, ceiling applications, bathroom flooring, and molding applications in the construction sector. Therefore, rapid growth of the construction industry, especially in emerging economies like China and India is expected to create growth opportunities in near future.
Stringent regulations formulated by the environmental authorities on the utilization of adhesives with high Volatile Organic Compounds (VOCs) are anticipated to push the industry participants to launch bio-based adhesives. Hence, the manufacturers are undertaking various strategic initiatives, such as extensive R & D activities for the production of sustainable products.
Key raw materials used for manufacturing adhesives are sourced from crude oil and petrochemicals. Volatile prices of these products have affected the profitability of participants in the recent past and is likely to have a major impact on growth of the adhesives and sealants market in near future.
The Adhesives and Sealants market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Adhesives and Sealants market for the base year 2018 and the forecast between 2019 and 2026. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Adhesives and Sealants market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Adhesives and Sealants market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Adhesives and Sealants market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Adhesives and Sealants market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Adhesives and Sealants market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Adhesives and Sealants industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Adhesives and Sealants market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Adhesives and Sealants market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Adhesives and Sealants market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Adhesives and Sealants market. These factors have benefited the growth of the global market for Adhesives and Sealants. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Adhesives and Sealants. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
Some of the key market players manufacturing the adhesives and sealants include Henkel AG & Co. KGaA, Illinois Tool Works Inc., 3M Corporation, Royal Adhesives & Sealants, LLC, Bostik Ltd., Franklin International, Sika AG, RPM International Inc., H.B. Fuller, and Avery Dennison.
Adhesives Technology Outlook
Reactive & other
Adhesives Product Outlook
Adhesives Application Outlook
Pressure sensitive applications
Sealants Product Outlook
Sealants Application Outlook
Pressure sensitive tapes
Adhesives Regional Outlook
Central & South America
Middle East & Africa
Sealants Regional Outlook
Central & South America
Middle East & Africa
In this study, the years considered to estimate the market size of Adhesives and Sealants are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.
Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.
The study objectives of this report are: